HEICO Q2 FY2024: Record sales up 39%, net income up 17% to $123.1M

HEICO CORP

2024-Q2 EPS reported $1.70 revenue$1,851,758,000

Net sales record $955.4M (+39% YoY); operating income record $209.2M (+33%); diluted EPS $0.88.
Flight Support Group net sales record $647.2M (+65%), with 12% organic growth; operating income record $148.9M (+49%).
Electronic Technologies Group net sales $319.3M (+6%), operating income $75.3M (+11%), margin improved to 23.6%.
Cash from operations surged 82% to $141.1M; net debt-to-EBITDA improved to 2.45x from 3.04x.
Company expects continued net sales growth in both segments, driven by acquisitions and demand.

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